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One thing I didn't see discussed anywhere in this entire thread is how impossible it was to get a cab at night (at least in Boston). On a Friday or Saturday nig
by seidleroni 3y ago
One thing I didn't see discussed anywhere in this entire thread is how impossible it was to get a cab at night (at least in Boston). On a Friday or Saturday night it was absolutely impossible to get a cab past 11:30pm. When I would rarely find one, they would ask for $50 cash to go to the destination, which would have been a $10 ride if metered. I frequently walked 5 miles home from a party at 1am. I have even heard stories of girls sleeping over at random guys apartments since it was likely safer than walking home alone. All of this completely disappeared when ride sharing appeared.
- gwbas1c 3y agoWhich reinforces a point that I couldn't make above (because I had to go to a meeting) I also wonder if Uber/Lyft pricing below cost had to do with competing with each other? IE, if all they could do was compete on price, would that (cough) force them to undercut each other? If one decided to price below cost, would the other fear that they would loose too much market share too quickly if they kept their prices sustainable? Disclaimer: I am not an economics expert!